CINCINNATI, Ohio – News Direct – KeyBank
CINCINNATI, Ohio, December 13, 2021 / 3BL Media / – KeyBank held an opening ceremony for its newest store in the lobby of the Great American Tower building at 301 East 4th Street in downtown Cincinnati. The program of presentations included remarks from KeyBank Market President Michael McCuen on Key’s strong commitment to downtown Cincinnati and the announcement of a 3-year grant of $ 150,000 from the KeyBank Foundation to Over-The-Rhine Community Housing (OTRCH) to help focus the Organization on environmental protection to support equity for low-income residents of OTR.
“At KeyBank, we know that a healthy, vibrant, diverse and dynamic inner city is beneficial for both social and economic development on so many levels,” said McCuen during his presentation. “We are strongly committed to the economic vitality of this city, which is why it is so important to us to have a flagship store in the heart of the central business district of Cincinnati.”
McCuen continued to recognize OTRCH as a long-term community partner who “has provided affordable housing, employment, and sustainable neighborhoods that low-income residents value and benefit our entire community for more than forty years.”
In particular, the grant from Key is funding a pilot project for a replacement heating for one of OTRCH’s historic residences, The Fulda, in order to upgrade its outdated boiler system to modern heating and cooling standards for its residents. This is the first in a series of environmental improvements and green initiatives planned for OTRCH’s properties. The check was presented to OTRCH Managing Director Mary Burke Rivers.
“Utilities are an important part of the affordable housing challenge,” said Rivers. âFor many of our neighbors, the rents are too high; But even with affordable rents, utilities can wreak havoc on the household budget. This grant will allow us to swap out an inefficient heating system and replace it with highly efficient electric heating and cooling, which has the double benefit of reducing our neighbors’ housing costs and protecting the environment. Many thanks to Key Bank for understanding the challenges and providing these funds to promote affordable housing and equity. “
As part of Key’s National Community Benefits Plan, established in 2017, KeyBank has already raised over $ 1.1 million in transformative philanthropic investments in the Cincinnati neighborhoods through the KeyBank Foundation grants to local nonprofits.
Opening celebrations included free coffee and pastries from Kidd Coffee, also located in the lobby of the Great Amercan Tower, Christmas music from members of the Cincinnati Symphony Orchestra, pizza from KeyBank business client LaRosa’s Pizza, and a guest appearance by iHeart radio personality Jim Scott.
The new branch, which is a move of staff and operations from its previous 4th & Walnut location, has been named the Queen City branch and includes a walk-in ATM and after-hours depot in a highly visible and convenient location in the heart of Cincinnatis Business district. The redesigned interior is ADA-compliant and improves accessibility for both existing and new customers.
About KeyCorp / KeyBank
KeyCorp’s roots go back almost 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the largest bank-based financial services companies in the country, with assets of approximately $ 187.0 billion as of September 30, 2021. Deposit, lending, cash management and investment services to states under the KeyBank National Association name through a network of 1,000 branches and approximately 1,300 ATMs. Key also offers a wide range of advanced corporate and investment banking products under the trade name KeyBanc Capital Markets, including merger and acquisition advice, public and private debt and equity, syndications and derivatives for medium-sized companies in select industries in the United States. Please visit https://www.key.com/ for more information. KeyBank is a member of the FDIC.
About the KeyBank Foundation:
The KeyBank Foundation serves to fulfill KeyBank’s purpose of helping customers and communities thrive, and its mission is to support organizations and programs that prepare people for a prosperous future. The foundation’s mission is driven by three funding priorities – neighbors, education and labor – and community service. To offer meaningful philanthropy that changes lives, the KeyBank Foundation listens carefully to understand the unique characteristics and needs of their communities, and then supports solutions with targeted philanthropic investments. The KeyBank Foundation is a non-profit foundation funded by KeyCorp.
Via Over-the-Rhine Community Housing
OTRCH is a non-profit community development organization that provides a wide range of affordable and supportive housing options with life-changing programs that help low-income residents of Over-the-Rhine thrive. We develop and manage resident-centric, affordable housing to build an inclusive community and support low-income residents. For over four decades, OTRCH has never deviated from our commitment: to build a sustainable, diverse neighborhood that low-income residents appreciate and use, to create an inclusive community in this developing historic district and to stand up for its residents. Our vision is high quality, stable living for everyone in a socially, racially and economically integrative community.
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